What’s the Future for Natural Gas in Bolivia?

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Intelligence Series Oil & Gas

After seeing an uptick in 2015, the production of hydrocarbons in Bolivia has fallen ever since, which opens up new questions about whether the country can meet export commitments with Brazil and Argentina. Read this report to...

Chapters

Introduction

Boom, then slowdown

Exports, a need to worry?

New stage?

Conclusion

Figures

Monthly Oil Production

GDP growth

Monthly

Natural Gas Production in Bolivia

Gas Industrialization Plans

Insights

The nationalization of hydrocarbons in 2006 helped boost Bolivian state coffers. But the regulatory framework is far from perfect for stimulating investment in exploration by private companies, which has slowed the growth of the sector in recent years. Oil and gas production has fallen over the last three years.

The hydrocarbons industry in Bolivia will face a series of challenges in the short term, including the renegotiation of the export contract, the main market for Bolivian natural gas.

The discovery of new deposits and the incorporation of new prospective areas is key. Otherwise, the downward trend in production levels seen since 2015 will continue.